Global Recession Risk Will Escalate Unless the Gulf Conflict Is Resolved Quickly, Warn Irish Economists

Global recession risk will escalate unless the Gulf conflict is resolved quickly, warn Irish economists

Warning lights are flashing for an all-out recession as the war in Iran, a bursting AI bubble, and hidden losses in private credit markets stoke fears over the health of the global economy.

BLK ALERTS - Economists Warn Iran War Increases Risk Of Recession In Next 12 Months

Source: Anton Petrus / Getty The war in Iran is already having a profound impact on the wallets of U.S. citizens. Gas prices have skyrocketed over the last month, with no sign they’ll be coming down anytime soon. As the war in Iran continues to disrupt oil supplies and shipping routes, several economists have warned that a prolonged conflict in Iran could lead to a recession within a year.  According to CBS News, economists at Goldman Sachs esti…